Refer to question 21 above. For the fiscal year ended May 31…

Refer to question 21 above. For the fiscal year ended May 31, 2020, determine the amount of the gain or loss that would be recorded due to the change in Allowance to Reduce Inventory to Market. (If loss, indicate with either parenthesis or a negative sign (-)).

Anne Carlson started a new job at age 25. She plans to inves…

Anne Carlson started a new job at age 25. She plans to invest $10,000 at the end of each year for the next 10 years and estimates earning a return of 5%. After 10 years of those investments, she expects her financial situation to change, and she will no longer contribute to her investment. If she leaves the investment in her account, what will be the balance of her account after 30 more years assuming the same 5% interest rate?